The Telegraph also features the suspected Royal Mail cyberattack on its front page but its main story focuses on the rising cost of borrowing. The paper writes that more than 750,000 households are at risk of defaulting on their mortgages over the next two years as rising borrowing costs make payments unaffordable, according to the financial regulator. The Financial Conduct Authority said more than 200,000 households had fallen behind on payments by the end of last June, with bills overdue on about one in 40 home loans. Interest rates have risen in the past few months while inflation is at its highest for 41 years, the paper says.
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